Economic dynamic model for small islands (Q1777577): Difference between revisions

Summary: The study constructs an economic dynamic model for small islands based on the Easter Island study by \textit{J. A. Brander} and \textit{N. S. Taylor} [``The simple economics of Easter Island: A Ricardo-Malthus model of renewable resource use'', Am. Econ. Rev. 88, 119--138 (1998)] (BT henceforth). It deals with analytical as well as numerical representations of evolutions of a small island economy, evolutions of which are characterized by a two-fold process of transformation: environmental degradation and population growth. Its main purpose is to investigate under what circumstances, the small island economy can survive and under what other circumstances, it must collapse.